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The $440 billion California Public Employees’ Retirement System and $309 billion California State Teachers’ Retirement System will be required to provide annual reporting on their investments with diverse and emerging managers to the state legislature.
Asian American and Pacific Islanders in the investment management industry face discrimination and biases that prevent career advancement, according to a new report from the Association of Asian American Investment Managers and Backstop Solutions Group.
At the risk of sounding like a broken record, this month’s issue highlights the importance of transparency.
The numbers show that investment consultant NEPC is exceeding its targets for diverse manager meetings.
Adjustments to how diverse ownership was defined altered the John S. and James L. Knight Foundation’s Diversity of Asset Managers Research Series: Philanthropy study when compared to the previous 2020 study, however, the ultimate end result was a roughly 1% increase in investments with diverse firms.
